Schulich School of Business
Introduction to Corporate Finance FINE 2000
Sample Midterm (solutions)
There are 15 multiple choice questions, 3 problems and a formula sheet on the following
pages. Please examine your quiz booklet to ensure it is complete.
All process work & steps must be shown and will be awarded part marks.
No marks will
be awarded if only the answer is provided.
Process includes either the calculator key strokes used or formulas and logic including
correct values in the right places.
Calculators must be set such that the rate of return is the periodic rate.
Calculate using 6 significant figures for absolute numbers and 4 significant figures for
This is a closed book test (ensure all material is cleared from the desk)
Read the questions carefully & answer all questions on the following pages.
Calculators are permitted. Laptops, cell-phones, and other electronics are
Time allocation: 80
Mark allocation: Shown on exam.